The Securities and Exchange Commission (SEC), in a new guideline released on Thursday, requires entities that issue securities to disclose to investors their exposure to possible risk in the cryptocurrency market. Guide For Crypto Asset Markets The guideline was made…
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Curtains Closing On Ripple Case After 2-year Legal Battle
Ripple is finally looking forward to the SEC lawsuit’s resolution after nearly two years of protracted litigation. Ripple’s Counsel Drops Suit Hints On December 6th, Stuart Alderoty, the general counsel at Ripple, forwarded a tweet from Brad Garlinghouse in which…
Coinbase Announces Plans to Delist XRP
The most well-known cryptocurrency exchange in America, Coinbase, will stop offering XRP as of next week. The Coinbase wallet will no longer support Ripple’s native coin as of December 5, 2022, according to the exchange’s official website. XRP Won’t Be…
Bahamian SEC Ordered FTX to Send Digital Assets to Its Wallet
On November 18, the Bahamas’ Securities Commission made public its directive to FTX to transfer digital assets under its management to the Commission’s wallet on November 12. The regulator stated that the directive was required to protect the interests of…
US Congressman Feels Vindicated In Historical Anti-crypto Stance, Claims FTX Paid to Deter Legislation
In a statement following the FTX fall, anti-crypto Congressman Brad Sherman said that FTX had supported Democrats in their efforts to influence crypto rules and that he was right to call for the SEC to take action against unregistered exchanges…
SEC Chairman Calls For Investor Protection Amid FTX Debacle, As Skepticism Rises
Gary Gensler, the chairman of the SEC, spoke about the current market crisis brought on by the FTX disaster in an interview with CNBC’s Squawk Box. Gensler, who has been promoting more regulation and pursuing several crypto businesses for fraud…
XRP Tanks After Ripple’s Newest Attack On the SEC Case
According to a tweet from Ripple general counsel Stuart Alderoty on October 20, the U.S. SEC has sent documents related to former director William Hinman to Ripple (XRP). The crypto business resisted the SEC’s move for summary judgment as well.…
SEC launched a fake ICO website to enhance investor awareness
During last bull run, the United States’ Securities and Exchange Commission launched a mock ICO website to educate investors on how they can easily identify deceitful coin offerings and distinguish them from real ones. Intelligent fraudster stars can easily create…
Grayscale Crypto Giant Files Lawsuit against SEC
Major digital asset manager Grayscale has filed a lawsuit against the Securities and Exchange Commission (SEC) for its rejection to allow the conversion of its $12 Billion Grayscale Bitcoin Trust (GBTC) to spot Bitcoin ETF (Exchange Traded Fund). GBTC has…
SEC Files Charges Bermuda and Canada based firm’s in a Crypto Asset Pump-And-Dump Scheme
In 2017, Arbitrade Ltd., a Bermudan company, and Cryptobontix Inc., a Canadian company offered a new type of crypto token which could make gold easy to own. With a few clicks of your smartphone, you could own gold without the…